Browsing: GSMA

  • The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected.
  • Registered accounts, transaction values, and deployments exceeded industry predictions. 
  • In 2022, daily transactions via mobile money reached $3.45 billion, exceeding the $3 billion amount predicted in 2021.
  • Total transaction value for mobile money grew by an incredible 22 percent between 2021 and 2022, from $1 trillion to around $1.26 trillion.  

Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual State of the Industry Report on Mobile Money 2023.

The report, published annually by the GSMA and funded by the Bill and Melinda Gates Foundation, demonstrates that rates of adoption are even quicker than expected, with the number of registered mobile money accounts growing by 13 percent year on year.

This is from 1.4 billion …

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This as 19 per cent of people in sub-Saharan Africa lived in areas not covered by mobile networks while an additional 53 per cent did not use mobile internet despite having coverage.

The need for accessible internet solutions comes after Meta (formerly Facebook) announced plans to shut down its low-cost Express Wi-Fi internet.

The programme was launched back in 2016 to drive internet connectivity in regions where other forms of connectivity, like ADSL and fibre-optic networks, aren’t readily available or established.…

A digital payment transaction in process in Nigeria.

In a report by GSMA released earlier this year, mobile money accounts grew to 1.2 billion with 43% of new users all from Africa.

Inferring from this growth rate in just one year, it’s clear that the market size for offline payments is significantly larger than online payments. In coming years, we’ll be focusing on this space even as we continue to grow in online payments.

In sub-Saharan Africa alone, there are 44 million micro, small and medium enterprises providing the majority of jobs effectively serving as the backbone of the economy in their countries. …

Using mobile money in a market place.

In 2020, total transaction values climbed by 22% to hit US$767 billion. or the first time, and in a pandemic, the industry is processing more over US$2 billion per day which has more than doubled since 2017. 
The GSMA predicts that by the end of 2022, this value will be in excess of US$3 billion every single day. Some of the innovations that will help propel this growth include APIs and regulation initiatives like tightening transaction and balance limitations which could bolster the industry’s transaction values growth.
Transaction costs remain a big concern for many with users calling for a review of this in countries like Kenya. When the pandemic was announced in Africa, Kenya and Ghana- which also happen to be the continent’s two biggest mobile money markets– were swift to scrap fees on small person-to-person transactions. …

Zimbabweans have shifted en masse to mobile money usage. The system has become popular with 80 per cent of transactions in the country being conducted electronically.

The shortage of cash is a legacy of the hyperinflation 13 years ago that caused the government at the time to abandon the Zimbabwean dollar. In 2018, the government printed 100 trillion bank notes, causing inflation to reach 500 billion per cent.
In a report published by the), a worldwide organization representing the interests of mobile money operators, Zimbabwe is ranked top among the 16 member states of the Southern African Development Community (SADC) in reference to mobile money penetration.
The GSMA, on the other hand, has stated that the), also known as the 2% tax, is making mobile money transactions more expensive.…

Broaband in Africa Ventures Africa

In 2019, 9 per cent of the GDP in Africa was contributed by mobile technologies and services. This means the mobile industry in Africa is fueling sound growth and social impact necessary for acquiring sustainable economic growth.  

The world is interconnected and it is getting seamlessly interconnected by the hour each day. This means the more you get digitally connected the more knowledgeable, wealthy and creative you become, to say the least. 

This scenario is manifesting itself across developing countries, especially in Sub-Saharan Africa, where ingenious innovations are made in Rwanda, Kenya, Uganda, South Africa and Tanzania, featuring seamless use of online platforms to learn, earn a living and access services. …

Scaling new frontiers - the potential of 5G for Africa

The dawn of 5G in Africa is here with us and what was once seen as a dream has turned to reality, albeit with revised expectations. South Africa became the first country in Africa to offer commercial 5G services with Rain, Vodacom and MTN piloting it in various cities and using different methods to reach their clients.  

Rain launched the country’s first commercial 5G network in partnership with China’s Huawei Technologies in 2019 in Johannesburg and Tshwane, offering subscribers unlimited data at speeds of up to 700Mbps for R1,000 per month. Since launch Rain has doubled its 5G coverage,  achieving it by adding more sites and providing a new 5G router to users. 

Vodacom’s launch to the mobile market covered three cities: Johannesburg, Pretoria and Cape Town. It was able to fast track the launch by using a temporary spectrum assigned by the South African telecommunications regulator

Mobile phone use across Africa - The Exchange

On the 1st of October 2020, the Global System Mobile Association (GSMA) released their “Mobile Economy Sub-Saharan Africa” report which forecasted the mobile economy in Africa into 2025.[1] A positive outlook to start the month of October and the last quarter of 2020.

The highlight of this forecast is that by 2025, even with 1.05 billion sim connections and 614  million unique mobile subscribers and smartphone adoption reaching 65% of the total population, only 39% of Africans would be experiencing their mobile web on those smartphones. This seems to suggest that even though there would be exponential smartphone growth over the period the cost of connectivity may be a showstopper. That’s not necessarily the case because there’s more happening than meets the eye.

Mobile Economy SSA

The Mobile Network Operators (MNOs) are going to spend collectively about $52 billion on infrastructure between now and 2025 and this would grow their revenues …